Frans Muller, CEO of Delhaize. (Photo Credit: Delhaize)
Belgian retailer chain Delhaize Group and the Dutch group Royal Ahold N.V. have announced they joined their businesses through a merger to create a stronger and more innovative retail leader for their customers, associates and shareholders worldwide. This merger will originate the fourth largest supermarket chain in Europe and the fifth in the United States.
"This is a true merger of equals, combining two highly complementary businesses to create a world-leading food retailer. The transaction delivers a compelling value proposition for our shareholders, a superior offering for our customers and attractive opportunities for our associates," pointed out Jan Hommen, Chairman of Ahold, and Mats Jansson, Ch...